Comerica Bank decreased its position in Integer Holdings Co. (NASDAQ:ITGR) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,636 shares of the medical equipment provider’s stock after selling 1,346 shares during the period. Comerica Bank owned about 0.09% of Integer Holdings worth $1,322,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Integer Holdings by 8.1% during the second quarter. Legal & General Group Plc now owns 55,219 shares of the medical equipment provider’s stock worth $2,389,000 after buying an additional 4,156 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Integer Holdings by 2.0% during the second quarter. SG Americas Securities LLC now owns 40,235 shares of the medical equipment provider’s stock worth $1,740,000 after buying an additional 791 shares in the last quarter. Gargoyle Investment Advisor L.L.C. purchased a new stake in Integer Holdings during the second quarter worth about $350,000. Rhumbline Advisers boosted its holdings in Integer Holdings by 2.2% during the second quarter. Rhumbline Advisers now owns 60,673 shares of the medical equipment provider’s stock worth $2,624,000 after buying an additional 1,332 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Integer Holdings during the second quarter worth about $771,000.
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In other Integer Holdings news, insider John A. Harris sold 1,261 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total transaction of $57,249.40. Following the transaction, the insider now owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Integer Holdings Co. (ITGR) opened at 46.95 on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of 80.67 and a beta of 1.30. The company’s 50-day moving average is $45.58 and its 200-day moving average is $41.58. Integer Holdings Co. has a 12-month low of $18.10 and a 12-month high of $47.25.
Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The company had revenue of $363.00 million for the quarter, compared to analyst estimates of $353.68 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Integer Holdings Co. will post $2.76 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th.
Integer Holdings Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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